Warren Buffett's Berkshire Hathaway bought Arizona homebuilder Merit Homes for $8.5 billion. Catherine Bell breaks down what the deal signals about the housing market and why she watches these moves to shape her real estate outlook.
Warren Buffett to buy a home builder, a new home builder. That's basically a sign. And then Berkshire Hathaway, just to speak on real estate in general, Berkshire Hathaway purchased the home building company here in Arizona called Merit Homes. And so Merit Homes sold to Berkshire Hathaway for $8.5 billion. And that's Uh, set up that way. I mean, home builder in the country to ever be sold, none of them have ever been sold like that. For Warren Buffett to buy a home builder, a new home builder, that's basically a sign. Warren Buffett isn't gonna buy something out of favor and then just be like, oops, that don't happen. Spend $8.5 billion on a new home. So these are all things that are in real estate I pay attention to when I look at my headlines and I'm most effective on my daily. I'm taking that big pic, bringing it down to my daily and going, not going away anytime soon.
